re: Woman loses home after HOA auctions nearly $500K home for $30K

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so, just to be clear, whomever picked it up at auction did not buy it with a clear title, will have to pay whatever back taxes and such are owed, thus the $30k sale price (in addition to whatever dilapidated condition the home might be in)

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Exactly. And boot her from the house and deal with whatever mess she leaves behind. So the guy might make $100k here, but he's going to have $300k tied up in multiple PITA nasty legal battles. Dealing with a foreclosure department and a lady that had her house taken from her is a PITA.

Let me also say, that I'm guessing the HOA moved forward because the bank was stalling. Everyone is saying why didn't the bank move forward first? Well they'll likely get their cut no matter what. But the damn banks with these foreclosures, they only want so many foreclosures at a time. I've seen banks let people sit for years and years. So the HOA said screw it and moved forward on their own.

On a final note, I'd bet the HOA racked up $20k in legal fees here. Maybe more, which will have to be paid out by the buyer additionally.

As a past HOA board member, I'll tell you the biggest PITA was owners that were lawyers. Because they'd threaten BS all the time as their time was free and the HOA had to pay. So they'd threaten BS that would cost the HOA more than the owner owed in legal fees routinely.

30k?

Yeah thats bullshite

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but to exercise the collection process put into place to protect all residents

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How is selling a $500,000 house for $30,000 protecting residents?

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I realize situations change and the unthinkable can happen but why are you not upset with the woman for not downsizing instead of essentially squatting

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You would think selling a 400k home when you are bankrupt would be the way to go.

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years of resident . . . . non-communication

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She left them no choice